Podcast Episode 82: “Diligence Time Bombs And Letters Of Intent.”
When trying out a new real estate investment strategy, it’s important to know when to walk away. In this Tale, an attendee of one of my creative investing workshops was ready to try an Agreement for Sale, and contacted me for help with a Letter of Intent. The deal turned into a Joint Venture, but there were too many red flags. Our investor walked away, and we can all benefit from the lessons learned!
Download the audio file HERE and the text/handout HERE. (control click or right click + save as)
He was pretty excited because this purchase was his first using the Agreement for Sale creative real estate investment strategy. As we worked our way through the documents my client said, “I’m sure glad to get this one done, my other three are going fine.” I shook my head a little bit and said, “didn’t you just tell me this was your first Agreement for Sale deal?”
Ever wonder how a university student could become a real estate investor? This video gives a bit of Barry’s personal background. It explains how he purchased his very first rental property when he was just 22 years old!
This is the second instalment of Focus on Real Estate with Barry C. McGuire, a new series of videos that provides bite-sized pieces of investment wisdom.
Buying and/or selling real estate in Alberta? Barry can help. Contact him now!